Besfamille, Martin; Jorrat, Diego; Manzano, Osmel; … - 2019
Using the exogenous variability in intergovernmental transfers and hydrocarbon royalties, based on the fiscal regime … provincial public consumption and debt. When receiving a one-peso increase in intergovernmental transfers, provinces spent 32 … volatility of hydrocarbon royalties (relative to intergovernmental transfers) and the exhaustible nature of these revenues. …